FY2024 Proposed Budget

Iowa City Property Management (2510) Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

$

181,241

$

186,172

$

194,571

$

233,030

$

249,177

$

268,936

Revenues:

Use Of Money And Property Interest Revenues

$

3,253

$

928

$

879

$

1,000

$

2,022

$

2,022

Rents

62,244

84,234

242,453

242,445 19,678 263,123 19,678 71,941 28,312 103,725 23,320 246,976 249,177

253,392 11,574 266,988 11,574 83,041 29,319 84,375 38,920 247,229 268,936

169,017 11,574 182,613 11,574 295,147 29,905 29,498 366,124 85,425 -

Royalties & Commissions

-

-

-

Total Revenues Expenditures:

$

65,497

$

85,162

$

243,332

$

$

$

Iowa City Property Management

$

-

$

-

$

-

$

$

$

Peninsula Apartments

60,567

71,433

92,222 27,525 85,126

Augusta Place Apartments South District Townhomes

- - -

5,329

- -

Railroad Rental Units

-

Total Expenditures

$ $

60,567 186,172

$ $

76,763 194,571

$ $

204,873 233,030

$ $

$ $

$ $

Fund Balance, June 30

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$

186,172

$

194,571

$

233,030

$

249,177

$

268,936

$

85,425

% of Revenues

307%

253%

114%

101%

109%

23%

407